The property is the third acquired by the firm in Maryland. The others are office complexes in Landover and Greenbelt in the Washington, D.C., suburbs, which it also purchased in recent months.

“500 East Pratt is a premier asset located in the center of Baltimore’s bustling commercial district,” said Mukang Cho, Morning Calm’s CEO and managing principal. “The property’s prestigious address comes with sweeping city and harbor views and unlimited amenities within walking distance.”

Built in 2005, the building is valued by the state for tax purposes at $58.9 million.

Scott W. Fordham, TIER REIT’s president and CEO, said in a statement that the sale of the Pratt Street building, coupled with other sales in Texas “will further our continued efforts to sharpen our geographic footprint and improve the overall quality of our portfolio”